I am about to close my first deal as an out of state investor in the midwest.
The property is in a D type of area (which concerns me a bit)
Purchase price : $23,000.
Estimated Repair cost : $5000 (no major repairs, already went through inspection).
Financing mode: All cash.
Property is currently tenanted $750/month. I am expecting an 18.85% Cash on cash ROI.
Would you close this deal?
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you